Bankrupt owner collects rent but does not pay the HOA

Posted on Mon, Jul 19, 2010 @ 07:25 AM

hoa feesOne of the owners in our building stopped making payments of HOA fees 18 months ago; about 12 months ago, he rented their unit; and about six months ago he declared bankruptcy. Despite his bankruptcy, the renters pay him, but no fees are paid to us: the HOA pays for their water, security access, elevator access, and garage. Our lawyer says we have no rights until bankruptcy is settled. Is that truly the case?

Tags: Budgets & Finance, Fees, Foreclosures, Delinquencies & Collections